Sibanye posts 140% jump in half-year profit

Image courtesy of Sibanye-Stillwater.

South African platinum group metals (PGM) miner Sibanye Stillwater’s half-year profit jumped 140%, the company said on Thursday, citing higher production and record commodity prices.

Headline earnings per share – the main measure of corporate profits in South Africa – in the six months to June 30 were 843 cents, up from 350 cents a year earlier.

The company, which also mines gold, also announced a dividend of 292 cents per share.

(By Promit Mukherjee; Editing by David Goodman)


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